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Cymat Announces New Director

Listing: TSX
Symbol: CYM
TORONTO, Oct. 10 /CNW/ - Cymat Technologies Ltd. (TSX: CYM), a
Toronto-based manufacturer and licensor of stabilized aluminum foam ("SAF")
products, targeting the automotive, architectural and blast mitigation
markets, announced the appointment of Mr. Bill Pettipas as a new corporate
director.
Mr. Pettipas brings to Cymat a wealth of experience in the military and
defense industries. He started his career in the Canadian Armed Forces rising
to the position of Colonel by retirement. Thereafter, he moved to the private
sector with General Motors rising to the position of Executive Director, GM
Defense and Vice President of General Motors of Canada. Prior to retirement
from GM, Mr. Pettipas facilitated the sale of GM Defense to the General
Dynamics Corporation. Currently, he holds the position of Senior Business
Development Advisor with Armatec Survivability Corp, a major producer of
blast-resistant military vehicle seating systems.
"We are honoured to have someone of Bill Pettipas's pedigree and
experience join the Cymat Board" said Michael Liik, Executive Chairman of
Cymat. He added "with Cymat's strong push into the blast mitigation market,
Mr. Pettipas guidance and counsel should prove invaluable".
About Cymat:
Cymat develops innovative materials for industry. The company has
worldwide rights, through patents and licenses, for producing Stabilized
Aluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas
through molten alloyed aluminum containing a dispersion of fine ceramic
particles and can be produced as either Near-net Shapes or Flat Panels. The
result is a revolutionary material with a wide array of features including
very low density, mechanical energy absorption, thermal and acoustic
insulation, is recyclable, time and temperature insensitive and has a
relatively low cost of production. Cymat is collaborating with a number of
partners spanning the automotive, architectural and blast mitigation
industries. For further information, visit the Web site www.cymat.com.
The foregoing press release contains forward-looking statements relating
to the development of markets, development programs, future revenues and
improvements in technology, which are subject to important risks and
uncertainties. The results or events predicted in these statements may differ
materially from actual results or events. Factors which could cause results or
events to differ from current expectations include the availability of
funding, existing and future relationships with suppliers and manufacturers,
the results of research and development activities, risks of technological
breakthroughs that make Cymat stabilized aluminum foam less attractive, risks
relating to the breadth, scope and enforceability of intellectual property
rights, general industry and market conditions, availability of qualified
personnel, and reliance on co-development partners. For additional information
with respect to these and other factors, see the reports filed by Cymat
Technologies Ltd. with the Ontario Securities Commission. Cymat Technologies
Ltd. disclaims any intention or obligation to update or revise any
forward-looking statements.
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